Kariuki has stepped down from his holding company to allow him focus on fighting the charges he insists are malicious
Businessman Humphrey Kariuki has quit his position as chairman of his Janus Continental Group in the wake of the impending tax evasion charges against him.
Kenyan police are looking for Kariuki to answer charges over Shs 41 billion tax evasion.
Kariuki has stepped down from his holding company to allow him focus on fighting the charges he insists are malicious.
JCG managing director Margaret Mbaka will be the chairman in acting capacity.
According to a statemnt by the company’s chief human resoruces officer Hellen Akello, Mbaka will be assisted by CEO Rikin Shah.
“In the light of developments in the investigating process, Humphrey Kariuki recently made decision to voluntarily stand down as chair of the board of Janus Continental Group and its associate businesses,” read the statement, in part. “This will allow him to focus his efforts in challenging the baseless claims in court.